UK: Slower service sector growth amid renewed decline in new orders | Metals Mine

  • UK: Slower service sector growth amid renewed decline in new orders

    From pmi.spglobal.com

    November data highlighted a slowdown in business activity growth across the UK service economy amid weakening demand conditions and fragile client confidence. Moreover, reduced volumes of new work and elevated margin pressures contributed to the fastest decline in employment since February. At 51.3 in November, the headline seasonally adjusted S&P Global UK Services PMI Business Activity Index eased from 52.3 in October and signalled only a marginal expansion of service sector output. The index was up from the earlier 'flash' figure in November (50.5) and has posted above the neutral 50.0 value in each month ... (full story)

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vinta.reddy
Dec 3, 2025 3:39am
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Quoting moonvalley
What does the writer mean by 'slower'? The UK PMI beats the forecast and is higher than the previous reading.
At 51.3 in November, the headline seasonally adjusted S&P
Global UK Services PMI Business Activity Index eased from
52.3 in October and signalled only a marginal expansion of
service sector output. The index was up from the earlier
'flash' figure in November (50.5) and has posted above the
neutral 50.0 value in each month since May. However, the
latest reading was still below the average seen over this
period.
Reply
moonvalley
Dec 3, 2025 3:37am
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What does the writer mean by 'slower'? The UK PMI beats the forecast and is higher than the previous reading.
Reply
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